Monday, August 27, 2007

REAL ESTATE COLLAPSE...WHO WOULD BUY NOW?

EVERYTHING WILL BE MUCH CHEAPER IN SIX MONTHS...

WE HAVE ONLY NOW BEGUN TO ACCEPT THE END OF THE REAL ESTATE BUBBLE...BUT PRICES ARE "STICKY" AND MAY TAKE YEARS TO ADJUST TO THE "FAIR RENTAL VALUE" PARADIGM THAT HAS TRADITIONALLY PREVAILED IN REAL ESTATE PRICING...